Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

The demand for cigarettes is highly inelastic. This suggests that the incidence of a higher tax on cigarettes will fall primarily on

Sagot :

ayfat23

Answer:

cigarette consumers.

Explanation:

Inelastic demand can be explained as a demand whereby the demand by buyers for a particular product ha little change compare to the change in price. Let say Athere is an increase in price by 20% , then demand for that product only experience decreases by only 1%, then we can say that demand is inelastic. For instance, when The demand for cigarettes is highly inelastic. This suggests that the incidence of a higher tax on cigarettes will fall primarily on cigarette consumers.

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.